Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Stevens Capital Management LP
Stevens Capital Management LP lessened its stake in Tyson Foods, Inc. (NYSE:TSN) by 52.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,450 shares of the company’s stock after selling 71,142 shares during the quarter. Stevens Capital Management LP’s holdings in Tyson Foods were worth $4,369,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of TSN. IFM Investors Pty Ltd lifted its position in shares of Tyson Foods by 9.5% during the first quarter. IFM Investors Pty Ltd now owns 8,855 shares of the company’s stock worth $648,000 after purchasing an additional 771 shares in the last quarter. TLP Group LLC increased its stake in shares of Tyson Foods by 33.6% during the first quarter. TLP Group LLC now owns 3,074 shares of the company’s stock worth $225,000 after buying an additional 773 shares during the period. RDL Financial Inc. increased its stake in shares of Tyson Foods by 3.9% during the second quarter. RDL Financial Inc. now owns 21,356 shares of the company’s stock worth $1,470,000 after buying an additional 795 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Tyson Foods by 10.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,257 shares of the company’s stock worth $637,000 after buying an additional 839 shares during the period. Finally, AlphaMark Advisors LLC increased its stake in shares of Tyson Foods by 2.1% during the second quarter. AlphaMark Advisors LLC now owns 43,136 shares of the company’s stock worth $2,970,000 after buying an additional 870 shares during the period. 70.40% of the stock is owned by institutional investors.
A number of analysts recently weighed in on the stock. Argus lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. ValuEngine upgraded shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 28th. BMO Capital Markets dropped their price target on shares of Tyson Foods from $89.00 to $82.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Royal Bank of Canada restated a “hold” rating and set a $77.00 target price on shares of Tyson Foods in a research report on Tuesday, August 7th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $75.73.
Shares of NYSE:TSN traded down $0.10 during midday trading on Friday, hitting $63.40. 1,077,251 shares of the stock were exchanged, compared to its average volume of 2,492,322. The company has a market capitalization of $23.32 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.11. The company has a quick ratio of 0.66, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. Tyson Foods, Inc. has a twelve month low of $56.79 and a twelve month high of $84.65.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 6th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.17. The firm had revenue of $10.05 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. equities analysts anticipate that Tyson Foods, Inc. will post 5.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.89%. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.
About Tyson Foods
Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.
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